Charles R Schwab Foundation For Financial Freedom
- Assets
- $27.6m
- Revenue
- $250.4k
- Investments
- $24.2m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-2512121
Organization Overview
Charles R Schwab Foundation For Financial Freedom is located in Palm Beach, FL. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles R Schwab Foundation For Financial Freedom is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Charles R Schwab Foundation For Financial Freedom generated $250.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $20.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Charles R Schwab Foundation For Financial Freedom has awarded 17 individual grants totaling $9,659,852. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Schwab Chair & President | 1 | $0 | |
Carolyn Schwab-Pomerantz Director & Secretary | 1 | $0 | |
Catherine A Molnar Treasurer | 1 | $0 | |
Walter W Bettinger II Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,171 |
| Dividends & Interest | $244,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,693 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $800 |
| Total operating and administrative expenses | $43,238 |
| Contributions, gifts, grants paid | $20,185,360 |
| Total expenses and disbursements | $20,228,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,402,293 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,602,645 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $14,217,954 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $336,396 |
| Total liabilities | $14,554,350 |
Grants Awarded
Over the last fiscal year, Charles R Schwab Foundation For Financial Freedom has awarded $6,939,852 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL FOR ECONOMIC EDUCATION PURPOSE: SUPPORT OF MONEYWISE AMERICA PILOT WITH COUNCIL FOR ECONOMIC EDUCATION AFFILIATES IN LOCAL MARKETS | $250,000 |
GIRL SCOUTS OF THE UNITED STATES OF AMERICA PURPOSE: SUPPORT THE FINANCIAL LITERACY BADGE RELAUNCH | $500,000 |
STANFORD UNIVERSITY PURPOSE: SUPPORT OF FINANCIAL LITERACY COURSE | $5,239,852 |
PROJECT GLIMMER PURPOSE: SUPPORT OF FINANCIAL LITERACY INCLUSION IN EMPOWERMENT ACADEMY | $250,000 |
JUMPSTART COALITION FOR PERS'L FINANCIAL LITERACY PURPOSE: SUPPORT OF TEACHER SCHOLARSHIPS FOR ANNUAL NATIONAL EDUCATOR CONFERENCE | $350,000 |
NATIONAL 4-H COUNCIL PURPOSE: SUPPORT OF EXPAND SMART CENTS DIGITAL PROGRAMMING | $350,000 |